Great Elm Capital Corp. (NASDAQ:GECC) Short Interest Down 34.7% in December

Great Elm Capital Corp. (NASDAQ:GECC) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totalling 29,900 shares, a decline of 34.7% from the November 30th total of 45,800 shares. Based on an average daily trading volume, of 18,100 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.4% of the company’s stock are sold short.

Great Elm Capital Stock Up 1.8 %

GECC stock opened at $10.56 on Monday. Great Elm Capital has a fifty-two week low of $9.55 and a fifty-two week high of $11.31. The company’s 50 day moving average price is $10.20 and its 200 day moving average price is $10.25. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.11 and a current ratio of 0.11. The firm has a market capitalization of $110.35 million, a price-to-earnings ratio of 15.30 and a beta of 1.61.

Great Elm Capital Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.05 dividend. The ex-dividend date is Tuesday, December 31st. Great Elm Capital’s payout ratio is 202.90%.

Institutional Investors Weigh In On Great Elm Capital

A hedge fund recently bought a new stake in Great Elm Capital stock. Crestwood Advisors Group LLC bought a new position in shares of Great Elm Capital Corp. (NASDAQ:GECC) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,518 shares of the financial services provider’s stock, valued at approximately $127,000. Crestwood Advisors Group LLC owned about 0.13% of Great Elm Capital as of its most recent SEC filing. Hedge funds and other institutional investors own 38.75% of the company’s stock.

Great Elm Capital Company Profile

Great Elm Capital Corp. is a business development company which specializes in loan and mezzanine, middle market investments. It invests in the debt instruments of middle market companies. The fund prefers to invest in media, commercial services and supplies, healthcare, telecommunication services, communications equipment.